@vze56v6x wrote:
Do I deduct utilities and property taxes? I assume those are deductible since the executor paid them out of pocket. But the executor is also the beneficiary so to me this almost is a wash.
The estate can deduct rental expenses (those directly related to the rental unit) from the rental income the estate received.
If the executor paid the expenses, then the estate should reimburse the executor for those expenses and deduct them on the 1041.
